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AKPK enhances website hosting all access points to its offerings

Posted on Nov 8, 2022

KUALA LUMPUR: Agensi Kaunseling dan Pengurusan Kredit (AKPK) is enhancing digital customer experience through its website that serves as a one-stop centre that hosts all access points to AKPK's services, resources and information. 

AKPK chief executive officer Azaddin Ngah Tasir said in carrying out its major role in rejuvenating Malaysians' financial resilience, the company had worked on making itself a trusted financial partner.

"For this purpose, we intend to be highly accessible at any time and anywhere for our customers. 

"And, this can only be made possible through digital technology," he said in a statement.

The website is part of AKPK's strategic vision which now provides easy round-the-clock access to all of its offerings, even on mobile devices. 

"It is designed to provide easy-to-find information for the public and convenient dashboards for existing customers to manage multiple AKPK's services—all at one time and from one site. 

"As an important branding mechanism that will put and keep AKPK in the minds of households and small and medium enterprises (SMEs), individuals from the household and SME sectors will be able to find guidance and solutions from the website easily for any financial management issues," APKP said.

They include tools that can help individuals better manage their finances including business finances such as AKPK's online bookkeeping toolkit for small businesses. 

"AKPK's aim of having an appealing and functional website is to have visitors habitually search for information, learning and support," it said.

This would assist AKPK's efforts in getting more individuals to adopt good values and money habits, take pre-emptive measures, and seek help and advice, immediately upon the early signs of financial distress. 

"This correct financial behaviour helps to avoid over-indebtedness that could lead to major issues including bankruptcy and serves as a foundation towards creating a financial-savvy society," the company added.

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Tertiary


The world we live in is increasingly complex, especially for the youths, and they will eventually need to take charge of their future and finances. Financial education in the tertiary stage is for those between the ages of 18 to 25 currently pursuing post-secondary education. Providing them with the appropriate financial know-how at this point will build up their competence in dealing with future financial decisions. This module focuses on cash flow management, the importance of savings and setting up a budget, internet banking and other appropriate topics for university and college students.

Entering Workforce


This stage comprises those between the ages of 20 to 30, i.e. mainly those who are just starting out in life. Financial education is essential to this age group as they learn to be independent in most matters especially financial management. In their minds, a car is a want rather than a need, and normally sits at the top of their list of things to acquire. Our Entering Workforce module focuses on understanding the fundamentals of borrowing and the importance of borrowing productively to encourage positive net worth. Financial education at this stage is also aimed at inculcating the habit of managing debts wisely. The module also introduces the fundamentals of investments and the importance of insurance for a better tomorrow.

Starting and Raising a Family

The module for the next life stage is for those who are starting and raising a family. People in this category are approaching that time in their life when they will normally experience important and meaningful life’s milestones: marriage, children and a new home. Designed for those between 30 to 40 years of age, this module will focus on settling unproductive loans while reducing debt commitments as they prepare for retirement. Emphasis will again be placed on the importance of planning for and protecting against uncertainties by talking about the types of financial tools available. They will learn the various types of insurance policies and be able to decide on the best coverage based on their affordability for their precious family. Education will also be given on the appropriate investments that will provide passive income for a better tomorrow.

Retirement

The transition from working to retiring involves many tough decisions regarding income and lifestyle needs and whether one plans to ease into retirement or otherwise, while considering factors such as wealth management, whether a pension is enjoyed, and EPF balances. These are big decisions with long-term impact on their financial well-being during retirement. To make the best choices, they require sufficient knowledge and intense awareness of how they want to live through their retirement years. Therefore, our pre-retirement module will prepare them for retirement by teaching them the proper use of their investments and review of their portfolio while servicing their insurance policies and settling unproductive debts to improve their net worth positively.



Post – Retirement

You have retired. How would you manage your money now? Considering that the average life expectancy in Malaysia has improved, it is more important now than ever to ensure that you have the financial resources to live a comfortable and happy lifestyle—particularly if you are looking forward to retiring with peace of mind. Taking care of your wealth and making it last are important at this stage. Financial literacy and education is a continuous life lesson that does not end at retirement. Now, more than ever, you need to manage your finances wisely and plan for the unexpected. Our post-retirement module is focused on those who are currently transitioning into retirement or are in the early stages of retirement.

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